RE:RE:my thoughtsActually I would argue that JSL, Eric, and the gang at Critical are the biggest winners in all of this. They just raised $30Million at $1.75 (yes the price was trading at $1.97 when they did this, but look at the price now). They look like superstars if you haven't follwed Critical share price. They raised at $1.75 and now we are sitting at $1.18. So they look very competent.
Not to mention the fact they have enough cash to do the engineering, etc. These are things that have to be done regardless, and at this point in time, permits are more of a formality. How could they get federal permits and not get provincial permits?? So while they wait, they can keep "moving the project forward", even if it doesn't seem that way.
Not to mention, they are buying shares for cheap. Yes yes....they have to report this to the authorities, etc. etc. But in reality, there are a few loopholes they can take advantage of and have their friends or family buy the shares. I'm not saying they are doing anything illegal.....but in reality, this happens with a LOT of companies. I'll just leave it at that.
Not to mention, the lower the stock price, the more of a superstar they will look like when they finally get the provincial permit and partner, etc. Because the price will increase and they will come out and say "hey, look how much we increased the price in 2022. We are superstars!!!" LOL.
Ok not funny, but you get the point. All of this was done on the back of current shareholders. We are the ones paying for it. It's a co-ordinated share price decrease that was done to perfection. Consider the fact that JSL has stated before (several times) that around 60-70% of the shares are owned by strong hands (a couple of large investors) and they are here for the long term. So it's not them selling. Which is another win for CRE. It allows these large shareholders to pick up even more cheap shares. So another win!!!!